Worth Watching: Could Werner Enterprises, Inc. Change Direction After Today’s Huge Decline?

Worth Watching: Could Werner Enterprises, Inc. Change Direction After Today's Huge Decline?

The stock of Werner Enterprises, Inc. (NASDAQ:WERN) is a huge mover today! About 443,673 shares traded hands. Werner Enterprises, Inc. (NASDAQ:WERN) has declined 15.54% since March 11, 2016 and is downtrending. It has underperformed by 21.00% the S&P500.
The move comes after 6 months negative chart setup for the $1.61B company. It was reported on Oct, 14 by Barchart.com. We have $21.51 PT which if reached, will make NASDAQ:WERN worth $96.60M less.

Analysts await Werner Enterprises, Inc. (NASDAQ:WERN) to report earnings on October, 18. They expect $0.27 EPS, down 38.64% or $0.17 from last year’s $0.44 per share. WERN’s profit will be $19.00M for 21.19 P/E if the $0.27 EPS becomes a reality. After $0.25 actual EPS reported by Werner Enterprises, Inc. for the previous quarter, Wall Street now forecasts 8.00% EPS growth.

Werner Enterprises, Inc. (NASDAQ:WERN) Ratings Coverage

Out of 17 analysts covering Werner Enterprises Inc (NASDAQ:WERN), 2 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 12% are positive. Werner Enterprises Inc has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 5 report. The stock of Werner Enterprises, Inc. (NASDAQ:WERN) has “Hold” rating given on Tuesday, June 7 by BB&T Capital. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 12. The rating was upgraded by Stifel Nicolaus to “Buy” on Monday, January 4. JP Morgan downgraded the shares of WERN in a report on Tuesday, June 21 to “Neutral” rating. Bank of America upgraded Werner Enterprises, Inc. (NASDAQ:WERN) on Monday, February 22 to “Neutral” rating. The rating was downgraded by Bank of America to “Underperform” on Wednesday, December 2. Evercore initiated the stock with “Hold” rating in Friday, June 3 report. Cowen & Co maintained the stock with “Market Perform” rating in Friday, July 22 report. Cowen & Co maintained the shares of WERN in a report on Wednesday, October 21 with “Market Perform” rating.

According to Zacks Investment Research, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.22, from 1.25 in 2016Q1. The ratio fall, as 30 funds sold all Werner Enterprises, Inc. shares owned while 50 reduced positions. 19 funds bought stakes while 63 increased positions. They now own 42.00 million shares or 11.78% less from 47.61 million shares in 2016Q1.
California State Teachers Retirement accumulated 0% or 93,709 shares. Alliancebernstein Limited Partnership accumulated 0.03% or 1.63 million shares. Markston Interest Limited Liability has 480 shares for 0% of their US portfolio. Dimensional Fund Advsrs Lp, a Texas-based fund reported 4.79 million shares. Pine River Management Lp holds 0.01% or 36,547 shares in its portfolio. Barrow Hanley Mewhinney & Strauss Ltd Limited Liability Company accumulated 194,433 shares or 0.01% of the stock. Hsbc Hldgs Public Ltd Co accumulated 10,924 shares or 0% of the stock. Moreover, Aperio Gru Ltd Llc has 0% invested in Werner Enterprises, Inc. (NASDAQ:WERN) for 25,277 shares. Qs Invsts Ltd Limited Liability Company accumulated 0% or 13 shares. Tower Research Limited Liability (Trc), a New York-based fund reported 4,097 shares. Grantham Mayo Van Otterloo & Co Ltd Liability Company owns 1.06M shares or 0.1% of their US portfolio. Renaissance Technology Llc has 0.01% invested in the company for 175,463 shares. Creative Planning has 16,500 shares for 0% of their US portfolio. Weaver C Barksdale Associates has 0.02% invested in the company for 380 shares. Royal Bank Of Canada holds 0% or 8,857 shares in its portfolio.

More recent Werner Enterprises, Inc. (NASDAQ:WERN) news were published by: Wsj.com which released: “Logistics Movers: Derek Leathers Named CEO at Werner Enterprises” on May 10, 2016. Also Globenewswire.com published the news titled: “Werner Enterprises Celebrates 25000th Veteran/Veteran Spouse Hire” on October 12, 2016. Businesswire.com‘s news article titled: “Werner Enterprises Announces Upcoming Release of Third Quarter 2016 Earnings” with publication date: October 03, 2016 was also an interesting one.

WERN Company Profile

Werner Enterprises, Inc., incorporated on September 14, 1982, is a transportation and logistics company. The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Firm operates through two divisions: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Firm also provides logistics services through its VAS division. The Firm has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. The Company’s VAS division operates over 60 additional intermodal drayage trucks.

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